Brexit

We know some of our customers and suppliers are concerned about Brexit. The UK will leave the EU on 31 January 2020. A transitional period will follow until the end of the year, during which little will change practically.

There remains a possibility after that the UK would revert to trading with the EU on a WTO and third country basis, the so-called ‘no deal’ option. This would lead to trade between the UK and EU becoming subject to tariffs and new regulatory requirements.

We hope that we do not get to this point, but we are also taking steps to ensure business continuity in the event of a breakdown in the future trade talks. In addition, some things will change regardless of whether or not a new free trade agreement is concluded.

These preparations are being given the highest priority and overseen by our Board of Directors. Actions include: resource planning; reviewing and where necessary adjusting our systems and processes; and working with our supply chain in order to minimise disruption to our operations.

In addition, as a global company we already supply goods and services to customers around the world and will adapt as necessary in this case. Our priority will always be supporting our customers to the highest of standards.

We will continue to keep our customers and suppliers informed and are happy to answer any further questions. Please contact your local account manager if you would like to discuss this further or visit our Contact Us page.

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